Posted by admin | Posted in Uncategorized | Posted on 13-11-2009
Tags: card, consumer credit counseling debt consolidation, consumer credit counseling las vegas, consumer credit counseling reviews, consumer credit counseling service, consumer credit counseling service of san francisco, counseling, credit, debt, finance
consumer credit counseling
What is Consumer Credit Counseling and how the agencies can help me?
I am in debt. I want to be free of it. Some of my well wishers advice me to take help of CCCS. I haven’t enough idea about them. Please help???????
You can check into NFCC credit couseling companies (formerly known as CCCS): http://www.nfcc.org/. These are legit, non-profit companies that offer debt management programs for a nominal fee. They negotiate lower interest and payments so you can pay off your debt. When you complete the program, you will have decent credit.
consumer credit counseling
Debt Settlement and Consumer Credit Counseling – What’s the Difference?
Those buried under the heavy pile of debt often get confused choosing between debt settlement and consumer credit counseling. Some feel that choosing debt settlement is a great option as it can drastically reduce your debt amount. On the other hand, there are people who are of the opinion that credit counseling is a wise choice, as it gives you the opportunity to pay back your creditors at a reduced interest rate. The question, however, remains which is the ideal option? Well, as clichéd as it may sound, the medicine can be decided only after diagnosing the patient. Yes! It completely depends on your situation and goal…
People often jump to hasty conclusions due to the anxiety of mountainous outstanding debt. It is vital to know that both debt settlement and credit counseling have pros and cons. Let us look at each of them in detail:
What is debt settlement?
Debt settlement is a procedure where in you renegotiate your debt with the creditor and payback the new amount within two to three years. Though this may seem like a profitable choice, it is really not all that simple. Even though you may feel that debt settlement is your best bet, if your creditor believes that you are capable of repaying the original amount, by all means your application will be rejected.
Debt settlement, however, can be great choice for people who qualify for it. It can make you debt-free in maximum three years and help you save a large sum of money. If you choose an expert to negotiate with your creditors, you can actually reduce your debt amount by a whopping 50% – 60%! With this procedure you can actually come out of the never ending rigmarole of creditors harassing you with embarrassing calls time after time or collection agencies making your life hell!
A lot of people are worried about their FICO score being hampered because of debt settlement. Yes, it is true that initially with debt settlement your credit score might suffer a blow. But this is a temporary setback. And what’s the point of having a high-flying FICO score when your overall financial health in utter mess?
Individuals are also paranoid about getting sued by their creditors during the process of debt settlement. This is an extremely rare scenario. If you are regular with your monthly renegotiated payments then why worry? And a genuine debt settlement company will be in constant touch with your creditors, so the chances of them filing a law suit against you makes little sense, as they are only interested in getting their money back!
What is consumer credit counseling?
Having looked at debt settlement in detail, it is now time to review the other side of the coin. Unlike debt settlement, credit counseling does not aim at renegotiating the principal amount. With the help of credit counseling you can reduce the rate of interest and payback the debt at the reduced interest rate.
Remember though it may feel as you are paying less because of the reduced interest rate, you will still end up paying about 120% of the original outstanding dues. In debt settlement you have the option of accepting or rejecting the renegotiated amount from the creditor. On the other hand, in consumer credit counseling you have to abide by the strict rules laid out by the counseling agency and payback as per the norms outlined by it.
Credit counseling gives a “CC” remark on your credit report, which may at times work to your disadvantage in the long run. Though you may feel that your FICO score is unaffected with credit counseling, lenders may actually use the CC remark as a reason to decline your loan.
To sum it up, debt settlement is an option for those who are dedicated and willing to come out of debt as soon as possible. Credit counseling is for those who are interested in synchronizing all their debts and paying back at a reduced interest rate.
It is advisable to consult an expert before taking a call. Someone who has thorough knowledge and expertise in this area will be able to give you accurate guidance. As before taking any decision, it is extremely important to take into account your financial status, running income and priorities.
About the Author
National Credit Help is a Debt Elimination & Education Company that specializes in substantially reducing the amount of debt owed.
Can bill collectors still call even if you are with consumer credit counseling?
I do advised the bill collector that we are on the program.
By law, in my state , if you send a creditor a certified letter, stating that you don’t want them contacting you on the phone, they can only contact you by mail. Check with your state.
Hope that will help.
-Michael
Consumer Credit Counseling Service (English) TEZ00120
|
|
First Alert 3035DF Digital Locking Steel Security Box, 0.27 Cubic Foot, Black/Silver $41.99 Note: Products are not available for Hawaii and Alaska States…. |
|
|
First Alert 2037F Fire and Water File Chest, 0.62 Cubic Foot, Gray $55.95 This UL classified First Alert media protection chest tested to withstand an external temperature up to 1550 degrees for 1/2 hour and independently verified to protect electronic media, such as memory sticks, CD’s, DVD’s and external hard drives. Waterproof even when fully submerged. Key Protector Chest Features: Clamping style latch with key Lock. 2 entry keys included. Stores standard … |
|
|
First Alert 3040DF Digital Large Security Box, Black/Silver $53.99 Honeywell Security Lock Box with Digital Keypad. Lock it up… from important documents to your prized autographed baseball to your laptop, with the Honeywell Security Lock Box. And while you get BIG peace of mind, thieves just find one aggravating obstacle after another. 48″ security cable. State-of-the-art digital keypad. Double-steel wall construction. Plus, fire-retardant insulation provides a… |
|
|
Charlie Rose – ‘What Just Happened?’ / Religulous (October 13, 2008) $24.95 A conversation about the film ‘What Just Happened?’ with Robert De Niro, Barry Levinson and Art Linson. || A conversation about the film Religulous with Bill Maher and Larry Charles.This product is manufactured on demand using DVD-R recordable media. Amazon.com’s standard return policy will apply…. |
|
|
Keyword Optimization – Complete Guide to Choosing Profitable Keywords for Your Website $14.95 Keyword research and optimization are one of the most important aspects in search engine optimization and rankings. One of the most common mistakes people make when creating a website or putting up an online business is believing they already know what keywords customers are using to find them. If you are not targeting the specific keywords your customers are searching for online, they will NEVER … |
|
|
Quality Pay-Per-Click Traffic Video Series (2008, DVD) $49.99 The DVD includes the following videos: 1 – Understanding Quality Clicks Over Quantity Focusing on clicks that convert is more important than just the concept of getting a high CTR (Click Through Rate). The problem most beginners face is they are taught to use a keyword tool and just start adding tons and tons of keywords into the Adwords keyword list and Walla, some magical conversions will hap… |
|
|
Ohio State Buckeyes Ladies Logo Hair Scrunchie $8.95 Ladies, pull your hair back and show your Buckeye team spirit with this team logo scrunchie!… |
|
|
EIKO KPR102 – 2.4V .7A/B3-1/2 SC Mini Flange Base Miniature $4.98 … |
|
|
6 Watt – S6 – 48 Volt – Candelabra Base – Indicator Light Bulb – Bulbrite 750604 $3.99 Brand: Bulbrite – Part No.: 750604 – Wattage: 6 Watt – Voltage: 48 Volt – Base Finish: Brass – Base Type: Candelabra (E12) – Bulb Color: Clear – Bulb Shape: S6 – Bulb Type: Incandescent – Diameter: 3/4 in. – Length (M.O.L.): 1-7/8 in. – Life Hours: 1500 – Case Quantity: 10 -… |
|
|
Samsung UN46C6300 46-Inch 1080p 120 Hz LED HDTV (Black) $1,699.99 The Samsung LED 6300: LED picture quality meets Auto Motion Plus 120HzTM Clear Motion Rate technology, with gorgeous results. The 6300′s LED Ultra Clear Panel absorbs ambient light and virtually eliminates reflections, for a more comfortable viewing environment. It’s beautiful form and function, complementing the most stylish of décor…. |
|
|
Samsung UN55C6500 55-Inch 1080p 120 Hz LED HDTV (Black) $2,799.99 What do you get when you combine Internet@TV with 120Hz Clear Motion Rate technology? The Samsung LED 6500. Get the best of the web, right on your HDTV, with downloadable and customizable widgets – and coming soon, Samsung apps. Connect to friends, share pictures, shop online and more. Samsung’s 120Hz Clear Motion Rate technology delivers smooth, natural action in every scene. Samsung LED backligh… |
|
|
Samsung UN55C6300 55-Inch 1080p 120 Hz LED HDTV (Black) $2,499.99 The Samsung LED 6300 HDTV: LED picture quality meets Auto Motion Plus 120HzTM Clear Motion Rate technology, with gorgeous results. The 6300′s LED Ultra Clear Panel absorbs ambient light and virtually eliminates reflections, for a more comfortable viewing environment. It’s beautiful form and function, complementing the most stylish of décor…. |
|
|
Passion of the Christ: Songs (Original Songs Inspired by the Film) $16.98 … |
|
|
The Lost Soul $15.00 This CD features six new original works, two of them instrumentals, three traditional songs, and one borrowed tune. 1. Two Doves (Rathje) 5:232. Been All Around This World (trad. arr. Rathje) 3:123. Finn MacCool (Rathje) 3:534. The Lost Soul (trad. arr. Rathje) 2:545. Witch of the Westmereland (Fisher arr. Rathje) 4:146. Dobrology (Rathje) 2:547. Trout (Rathje) 2:408. Temperance Re… |
|
|
Family $18.49 … |
|
|
Hanes Men’s Classic Basic Crew, Three Pack $16.00 Hanes Classics are constructed with very soft ring-spun cotton for added softness and resiliency…. |
|
|
Lilyette Women’s Strapless Bra with Convertible Straps #929 $32.00 Our Lilyette®Strapless Bra with Convertible Straps is essential for the full figure woman as it offers unparalleled fit and the security that every woman desires. * Offers the best in fit and security * Seamless smooth shaping * Guaranteed to stay in place * Luxurious super soft… |
|
|
Lilyette Women’s Microfiber Minimizer Bra #428 $32.00 Our Lilyette® Microfiber and Lace Minimizer® Bra offers you the very best in beauty and comfort! * Beautiful and comfortable styling * Luxuriously soft fabric* Gorgeous lace details* Smooth under clothes* Guaranteed comfort* Minimizes size – not shapeFabric content: Top Cup: 91% Nylon, 9% ElastaneBottom Cup: 100% NylonBack: 89% Nylon, 1… |
|
|
First Alert 1.2 Cu. Ft. Theft Digital Safe $138.99 This First Alert 1.21 cubic foot safe is constructed of heavy gauge welded steel and is equipped with 2 live door bolts, pry-resistant heavy duty steel concealed hinges, a fully carpeted interior, and a removable/adjustable shelf. Key/Digital Safe Features: Programmable digital lock with override key. Pry-resistant concealed hinges. 2 locking door bolts. Fully carpeted interior. Inside dimensio… |
|
|
Alfa AIP-W505 802.11n/b/g Wireless Broadband Router & Access Point with 4 LAN ports – Wireless-N WiFi WISP, Bridge, AP Router – Advanced Security Futures and Supports URL & Keyword Filtering $49.99 AIP-W505 PCB is the 1 x 10/100Mbps WAN + 4 x 10/100Mbps LAN Ports, 802.11n AP/Router that provide up to 150Mbps high speed throughput. W505 PCB is suitable for WISP applications such as AP/Router mode, WISP mode, WDS Bridge Mode, Wireless Bridge Mode and Hybrid Mode; it’s easy to management by user friendly web-based interfaceSpecifications:ManagementWeb-base management interfaceRemote managementS… |
|
|
Micro Innovations Wireless Link Keyboard (TKB700U) $14.99 Designed for travel and easy collapse, this keyboard is ideal for any user on the go. Foldable design lets you conveniently enter large amounts of data quickly and effortlessly. Ultra-slim design looks sharp and saves space. Folds to go wherever you want. Works with most Palm OS and Pocket PCs. For Device Type: Palm OS;Pocket PCs; Wired/Wireless: Wireless; Maximum Wireless Range: NA;Connector/Port… |
|
|
Green Toys Sand Play Set $12.94 Kids will ‘dig’ building castles and hunting for buried treasure with the environmentally friendly Sand Play Set from Green ToysTM. Made of recycled plastic, this classic 4-piece collection of tools consists of a bucket, sand castle mold, shovel and rake. Made in the U.S.A from recycled plastic milk containers, which helps save energy, reduces landfill waste, and lowers greenhouse gas emissions, a… |
|
|
Alex 36 X 36 Vinyl Padded Playmat $12.95 All roads lead to fun with this take-along play mat that folds into a toy bag. Open it up anywhere – when you’re finished, pack up the toys and you’re on your way| Open mat measures a generous 36″ x 36″ of prime playing real estate…. |
|
|
Alex Toys Draw like A Pro $30.00 A fun and easy way to draw…just turn down the lights, switch on the projector, insert a preprinted slide and trace away| Comes with 124 slides, 6 markers, 10 sheets of paper, and a flip book…. |
|
|
Sirius SL-EX1 Stiletto Executive Speaker System $89.99 SIRIUS SLEX1 SIRIUS(TM) STILLETTO EXECUTIVE SYSTEM DESKTOP AUDIO SYSTEM FOR THE STILLETO FAMILY; 10W PER CHANNEL;HIGH-QUALITY, 2-WAY SPEAKER SYSTEM; BASS ENHANCEMENT TECHNOLOGY FOR DEEPER LISTENING; HEADPHONE JACK;DESK OR WALL MOUNTABLE; AUX IN;INCLUDES EXECUTIVE SYSTEM, WEATHERPROOF INDOOR/OUTDOOR ANTENNA, AC ADAPTER, REMOTE & WALL MOUNT BRACKET SIRIUS(TM) STILLETTO EXECUTIVE SYSTEM… |
|
|
Electric Volt Black Web Belt $28.00 Jump start your look with this Volt web belt by Electric!… |
|
|
FCS Premium TAIL GATE Surfboard Pad $27.98 These pads help to secure your boards when they extend past your tail gate or trunk. Easy design allows for quick and simple attachment in seconds…. |
|
|
Keywords: A Vocabulary of Culture and Society $10.95 Now revised to include new words and updated essays, Keywords focuses on the sociology of language, demonstrating how the key words we use to understand our society take on new meanings and how these changes reflect the political bent and values of society…. |
|
|
The DAM Book: Digital Asset Management for Photographers $31.00 One of the main concerns for digital photographers today is asset management: how to file, find, protect, and re-use their photos. The best solutions can be found in The DAM Book, our bestselling guide to managing digital images efficiently and effectively.Anyone who shoots, scans, or stores digital photographs is practicing digital asset management (DAM), but few people do it in a way that makes … |
|
|
YouTube and Video Marketing: An Hour a Day $14.68 A complete, task-based guide to developing, implementing, and tracking a video marketing strategy Online video marketing is crucial in today’s marketplace. This guide teaches you proven, practical guidelines for developing and implementing video marketing for your organization. If you’re a marketer, advertising professional, consultant, or small business owner, here’s a relevant guid… |